Hamilton has a good growth story, along with yield
We recently secured this tidy first investment property in Hamilton for overseas-based clients.
Purchased for $560,000 the property is rented for $470 pw, delivering a yield of 4.36%
The four bedroom, two bathroom home has a floor area of 159m2. Tidy and well-maintained, it was ready to rent immediately.
A number of features made it an ideal purchase for first-time investors:
- an established, well-regarded suburb
- potential for good yield
- low maintenance construction in good condition, and an easy-case section
- good sun – north facing living with outdoor flows north and west
- close to river walks, city centre, shopping, schools, bus routes and connecting routes – all of which make it more appealing to tenants and easier to let.